I want to be a giant of Hong Kong Island

Chapter 337 [Huaxia City]

Cheung Kong's "Xingang City" Phase III opened hotly, causing Cheung Kong's stock to soar, rising to 16 Hong Kong dollars per share;

Therefore, the total market value of Cheung Kong has reached HK$7.68 million, an increase of 14% in 128 months, making shareholders happy.

The Wu family holds 3000 million shares, with a total value of 4.8 million Hong Kong dollars;
People not only sigh, the stock market is really a machine for making money.

At this time, Changjiang Industrial can be said to be blooming in many places;
Residential buildings and industrial buildings are jointly developed, and commercial buildings and commercial buildings are required to collect rent.

The details of Cheung Kong Industries are as follows:
In terms of residential housing: a total of 110 million square feet of land area, a total of nine plots.

There are six residential developments under construction, three of which have been under construction for a year and are now for sale;

The other three have just begun to break ground, and they have not even dug the foundation, so they have entered the development stage.

Six residential buildings under construction, with a total of 9500 residential units, with a residential area of ​​up to 750 million square feet and a capacity for 4 people;

Six residential properties under construction are expected to sell 3.5 million Hong Kong dollars, and the net profit is expected to be around 1.8 million Hong Kong dollars (the rise in housing prices will drive up the profit margin).

The remaining three plots are expected to be developed in the second half of 1962;
It is estimated that 4500 residential units will be developed, with a residential area of ​​about 360 million square feet, which can accommodate 1.8 people;

At that time, the house price in Kowloon, Hong Kong Island is expected to be between HK$50 and HK$55. The next three properties are expected to sell 1.8 million Hong Kong dollars, with a net profit of 1 million Hong Kong dollars.

Calculated in this way, in the second wave of real estate upsurge of Cheung Kong, the net profit of residential buildings alone can reach 2.8 million Hong Kong dollars.

In terms of industrial buildings: there are three industrial buildings under construction, all of which are 10-storey single-building factories with a total area of ​​50 square feet. Because the industrial buildings are prepared to be leased, Cheung Kong needs to invest about 3000 million Hong Kong dollars for this .

In terms of commercial buildings: the annual rent of the Yangtze River Center commercial building is expected to be more than 2400 million Hong Kong dollars (increasing year by year); a total of two commercial buildings were purchased from Liao’s at a cost of 2000 million Hong Kong dollars. The rent is HK$9 million.

With so many projects, Cheung Kong does not feel any difficulty in funding;

After all, the start-up capital at the beginning was hundreds of millions, and then a loan of 4000 million Hong Kong dollars;
Later, because of the sale of off-plan houses, the funds began to flow back in a steady stream.

Moreover, before developing real estate projects, Cheung Kong had no debts.

In January 1962, Wu Guangyao called the management of the Yangtze River Department and held a grand meeting.

The heads of more than 30 subsidiaries, large and small, take turns to report to the stage;

After the report is over, everyone sits together and discusses with each other;
What can be closely linked between subsidiaries and between subsidiaries and the head office to improve resource utilization.

The meeting lasted for a whole day, and in the evening, the boss Wu Guangyao invited everyone to have a dinner at the Shangri-La Hotel.

The next day, Wu Guangyao convened another meeting of Cheung Kong executives, this time only four people came;
They are Cheung Kong's "Three Musketeers" Shi Jun, Li Xing, Xiu Yanbing, and Chen Cheng of Hong Kong Island First Construction.

The four of them are definitely the number one figures on Hong Kong Island, but they are respectful and insignificant in front of Wu Guangyao.

Shi Jun also served as the president of Wu Guangyao's private real estate company, Cheung Kong Real Estate; Li Xing also served as the president of Changjiang Design Institute.

As for the other subsidiaries, they belonged to second-tier subsidiaries, and Wu Guangyao didn't need to pay too much attention to them.

February 1962, 2, the eve of the Chinese New Year.

The center of the Yangtze River has completely turned into a Chinese city, with Chinese-style scenery everywhere, allowing customers to appreciate the essence of thousands of years of culture.

Wu Guangyao also came to the center of the Yangtze River with a large family, first to take the children for a stroll, but to buy new year's goods.

Just stepping into the center of the Yangtze River, I saw the dragon dance team. They wore gorgeous dragon costumes and danced with long dragons.

The dragon dance team has a wide range of activities and will shuttle around the entire Yangtze River Center shopping plaza, allowing customers to feel the joy of the festival.

The children waited for the dragon dance team, staring intently. If they were not pulled by adults, they might run with the dragon dance team.

It was hard to pull the children's eyes back, but they didn't know that they had just walked for 1 minute, and they came to the place where the lion dance team praised.

This time, the children's eyes can no longer be drawn back, which is more attractive than the dragon dance.

On the 22 golden piles of different heights, the majestic lions are struggling to pick greens, and the exciting drums sound bursts. ...quiet like a civet cat waiting for a mouse to come out of its lair, moving like a tiger catching a sheep with agility.

Suddenly, a pillar in the middle fell down, blocking the lion dance to one side;
Seeing the lion dance's eagerness to try, the customers around raised their hearts to their throats, and some timid people couldn't bear to see it.

I saw the lion's head jumping high, followed by the lion's tail.
"Ah!" Many tourists exclaimed as they watched the lion leaping in the air.

"Okay" Then, with applause, everyone shouted.

The faces of some foreigners are full of disbelief, which shows that lion dance and dragon dance can really represent a kind of Chinese culture.

After finally driving the children to the shopping mall, I suddenly felt crowded and crowded.

The bodyguards became nervous at this moment, they couldn't lose the Young Master and Miss, that was a year-end bonus that was only given out by sorry.

A group of people first entered Laofengxiang jewelry. As the head of the family, Wu Guangyao naturally wanted to buy some gold jewelry for everyone.

"Mom, I'll buy you a pair of gold bracelets!" Wu Guangyao pulled Zhou Xuefen, came to the counter and said.

Seeing her son holding her hand, Zhou Xuefen was very helpful and had a smile on her face.

"There are a lot of gold bracelets at home, and I still buy them!" Zhou Xuefen still carries forward the tradition of the older generation and is diligent and thrifty.

"Ma'am, please explain to your family that your son has filial piety to you, and filial piety is not too much! Moreover, gold can store value better than banknotes, and saving money is not as good as gold." The clerk said happily. Expensive people, so I might have to open a big order today.

The clerk hadn't come to be happy for a while, the store manager hurried over and said to Wu Guangyao respectfully: "Boss, madam!"

When the store manager called Zhou Xuefen, he was naturally calling her madam, if she called an old lady, she would have no eyesight;
After all, Zhou Xuefen is only 50 years old, and with proper maintenance, the old lady is obviously not suitable for her.

"Well, go get busy, this little girl is pretty good!" Wu Guangyao dismissed the store manager and asked her to take care of the overall situation. After all, there are so many customers today that conflicts are prone to occur.

"Okay!" The store manager did not forget to give the clerk a compliment before leaving.

"Are you our boss, Mr. Wu?" the clerk couldn't help asking.

"If it's fake, let's hurry up, there are so many guests today, so your work won't be delayed!" Wu Guangyao reminded.

Next, the clerk enthusiastically introduced Zhou Xuefen, while looking at Wu Guangyao curiously;

Naturally, Wu Guangyao would not seek trouble from others, isn't that normal? It's normal to meet a talkative legendary boss and look him over a few times;
Coupled with the fact that the clerk was also proficient in business, Zhou Xuefen quickly chose a pair of gold bracelets.

After Wu Guangyao and Zhou Xuefen finished shopping, Lin Yueru and Li Cui were still picking out gifts, and the whole family got together and finally everyone got a gift.

The next step is to buy clothes, this time I didn’t look at my own store to buy, I just buy there if there are good-looking ones;
After shopping for clothes, I went to Lane Crawford Department Store, another big purchase.

When it was lunch time, the bodyguards were already full of bags.

"Dazhong, send the things to the hotel first, we have to buy them in the afternoon, and send them home together later!"

"Yes, boss, I'll arrange it!"

After having lunch at the Ritz Hotel and taking a lunch break, the family went to the shopping mall again to do some shopping. They didn’t plan to evacuate Kowloon until 4:[-] p.m. and return to the Deep Water Bay villa on Hong Kong Island.

(End of this chapter)